Business

August unemployment is up year over year

WARREN — The area’s unemployment rate was up in August compared with the same month in 2016, but down from what it was in July. Joblessness for the metropolitan area made up of Trumbull and Mahoning counties was at 6.7 percent last month, according to the Ohio Department of Job and ...

Long road ahead in hopes to repair Texas homes

With floodwaters nearing knee height, Arlene Estle fled to the upstairs of the Houston house where she’s lived for 50 years and raised four children. It was many hours later before her son-in-law arrived by boat to rescue her. Her flooded home didn’t fare so well. It could be a year, her ...

Area home sales rise in August

WARREN — The number of area home sales increased in August compared to the same month last year. There were 216 closed sales in Trumbull County last month, up 10.2 percent from 196 in August 2016, according to the Warren Area Board of Realtors. Year over year, pending sales rose 45.9 ...

Local bank stocks stand pat as Wall Street week ends

After gaining 49 cents in trading earlier this week, Cortland Bancorp stood pat Friday to close at $18 per share. First Niles Financial also saw no movement, closing at $10.50 per share for the fifth day in a row.

Eastern Gateway CC commits to port authority

WARREN — The Western Reserve Port Authority is preparing to move forward with its plans to buy the Harshman building in downtown Youngstown now that Eastern Gateway Community College has made a 10-year commitment to work on an agreement to rent space in that structure. The building at 101 ...

Dignan

Chamber COO named to military affairs task force

YOUNGSTOWN — The new chief operating officer of the Youngstown-Warren Regional Chamber, James Dignan, has been appointed to the newly created Ohio House BRAC & Military Affairs Task Force. The task force will study and analyze current Ohio Department of Defense and NASA assets, ...

Chevrolet Cruze production back on for the week of Oct. 2

LORDSTOWN — Production at the local General Motors Assembly Complex is back on for the week of Oct. 2. Previously, the week was included in the 2017 downtime schedule at the Lordstown plant, where the Chevrolet Cruze sedans are built. Last week, the local facility’s approximately ...

Local bank stocks unchanged

After falling 24 cents the prior day, Cortland Bancorp stabilized in Wednesday’s trading to close at $17.51 per share. First Niles Financial again closed at $10.50 per share.

Company looks to airport with renewable energy

VIENNA — A Columbus-based renewable energy company is looking to bring solar power to the Youngstown-Warren Regional Airport. David Dwyer of American Renewable Energy, also known as ARE, said installing solar panels would help stabilize the airport’s budget “for many years to come.” ...

Airport officials discuss potential flight plan

VIENNA — A Memphis-based airline is looking to begin offering commercial service at the Youngstown-Warren Regional Airport. And, if all goes as planned, flights could start taking off from the local airfield in Vienna early next year, said Mark Cestari, executive vice president for ...

Gas prices leveling out despite Irma

Tribune Chronicle WARREN — For the first time in more than 15 days, gas prices appeared to be leveling out Monday despite Hurricane Irma making landfall in Florida. In the Warren-Youngstown area, the average cost of a regular gallon of gasoline, at $2.53, dropped 1 cent Monday from what ...

Local bank stocks mixed

Local financial stocks were mixed following Monday’s trading. Cortland Bancorp, which remained flat several days last week, fell 24 cents to close at $17.51. First Niles Financial closed at $10.50 per share.

Business briefs

BYCE REALTY ADDS DRONE PHOTOGRAPHY: Byce Realty, a division of Byce Auction in Youngstown, has added a new mobile website, bidding platform and drone photography. The company’s desktop site has also been updated. The company’s use of drone photography allows clients to see things such as ...

Generating a brighter Future

WARREN- Jessica Scharrer knew little about the workings of a substation before she was accepted into the FirstEnergy/Ohio Edison Power Systems Institute. “I didn’t even know what I was getting into,” said the 21-year-old of Kinsman. “I don’t really think a lot of people know about ...

Racino wagering up this summer over last

Tribune Chronicle AUSTINTOWN — Although last month’s wagering at Hollywood Gaming at Mahoning Valley Race Course lagged behind July’s numbers, the facility saw more credits played on its video lottery terminals this summer than last. In August, the second month of the 2018 fiscal year, ...

Local bank stocks move Wednesday

After not budging for more than a week, First Niles Financial lost 2 cents in trading Wednesday to close at $10.50 per share. Cortland Bancorp continued its steady trend, closing at $17.75 per share.

Dominion’s Standard Choice rates down from last month

WARREN — September rates for Dominion East Ohio’s Standard Choice Offer / Standard Service Offer are slightly lower than they were last month. Effective Sept. 13, the SCO / SSO rates will be $2.961 per thousand cubic feet (mcf). The revised rates are $0.008, or 0.3 percent, lower than ...

Local bank stocks steady

Local bank stocks, stagnant all last week, remained unchanged after the long holiday weekend. On Tuesday, Cortland Bancorp closed at $17.75 per share and First Niles Financial closed at $10.52 per share.

Vallourec resumes Houston operations after Harvey

YOUNGSTOWN — Although Hurricane Harvey forced Vallourec to suspend its operations in Houston, workers at the Vallourec Star tube mill on Martin King Luther Jr. Blvd. and VAM USA pipe-threading plant on Ohio Works Drive were not impacted, according to company leaders. “We had no other ...

Gas prices continue to climb

WARREN — Although consumers paid more locally for a gallon of regular gasoline Tuesday than in previous weeks, the cost to fuel up at area filling stations remained lower, on average, than what motorists were paying across the country. Even so, gas prices are expected to continue ...